Canada posts only 0.1% growth in August

Statistics Canada says the pace of economic growth in Canada slowed in August.

The agency says the economy grew by 0.1% in the month, following increases of 0.4% in June and 0.3% in July.

The result matched the expectations of economists, according to Thomson Reuters.

Read: Unemployment inches up to 7.1% in September

The growth was mainly a result of gains in retail trade, manufacturing, mining, quarrying, and oil and gas extraction.

Both the manufacturing sector and the mining, quarrying, and oil and gas extraction sector grew by 0.4% in August.

Retail trade rose 0.6% for the month.

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